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the last three years have been president obama. don't forget, another one of the president's key campaign promises back in 2008, remember that? he said i will cut this deficit in half. $4 trillion he promised. talk about the bush tax cut expiring if biden is right and you increase taxes by $1 trillion how does that turn into jobs? >>guest: we will talk about what taxes they are talking about raising. they are talking about raising small business tacks from 35 to 41 or 42 percent. the capital gains tax is the capital we use to start businesses, that tax goes up from 15 percent to 24 percent. and you have estate taxes going up and dividend taxes going up. you have been in the financial market as long time, if you raise the taxes you know the impact it will have on investment, it will go down in the united states. by the way it is a great way to increase investment on out sourcing to china and india and germany and france. i find it to an job killer. do not have this giant tax increase but this is an example of the president putting f
the last three years have been president obama. don't forget, another one of the president's key campaign promises back in 2008, remember that? he said i will cut this deficit in half. $4 trillion he promised. talk about the bush tax cut expiring if biden is right and you increase taxes by $1 trillion how does that turn into jobs? >>guest: we will talk about what taxes they are talking about raising. they are talking about raising small business tacks from 35 to 41 or 42 percent. the...
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president obama says there is more to be done. governor romney says this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a potential boost to the president's campaign. no incumbent since the great depression has been re-elected with unemployment above 8 percent. the president said the economy is moving forward and suggested governor romney's policies would spark another financial disaster. >> we made too much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen and i won't allow it. >>trace: governor romney downplayed the new jobs numbers. he wrote in a statement and i quote, "this is not what a real recovery looks
president obama says there is more to be done. governor romney says this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a...
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that is not a number barack obama should be crowing about. t not a number mitt romney should be accusatory about. barack obama has created more jobs while in office than were lost, but mitt romney points out correct lew, they are not the right quality. no, this is not morning in america. it's also not a disaster. >> ethan, jump in here. are you encouraged? >> i am. i totally agree with ali. mitt romney's been saying that we've been having x month of unemployment above 8%. he can't that anymore. on top of that, the president can say he's created over a million private sector jobs, so he has some new powerful rhetorical arrows that are in his quiver. >> when i saw this today, i thought this fits perfectly into this narrative of a country that's divided because it's a little bit good news. not a lot, and it leaves everybody with room to argue. >> symbolically, it was a victory for the white house to get that unemployment rate under 8% along with just about everybody else. i predicted that would be the key to obama winning re-election, but object
that is not a number barack obama should be crowing about. t not a number mitt romney should be accusatory about. barack obama has created more jobs while in office than were lost, but mitt romney points out correct lew, they are not the right quality. no, this is not morning in america. it's also not a disaster. >> ethan, jump in here. are you encouraged? >> i am. i totally agree with ali. mitt romney's been saying that we've been having x month of unemployment above 8%. he can't...
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president obama says his record on foreign affairs speaks for itself. yet a may gallup polls show vets favor governor romney. in fact, during wednesday's debate governor romney reiterated his commitment to strengthen the nation's military. >> we have a responsibility to protect the lives and liberties of our people, and that means a military second to none. i do not believe in cutting our military. i believe in maintaining the strength of america's military. >> so let's bring in beau biden, attorney general for the state of delaware. he is also a major in the delaware national guard having served a 12-pomonth deployment iraq. he's also the vice president's son. mitt romney has hammered president obama for the automatic military cuts that could take place as a result of congress failing to reach a debt deal. even the defense secretary said the cuts could be staef dating. does that hurt the president in the vet community? >> number one, congress must act and avoid sequestration op any of these defense cuts. number two, you know, governor romney seems to c
president obama says his record on foreign affairs speaks for itself. yet a may gallup polls show vets favor governor romney. in fact, during wednesday's debate governor romney reiterated his commitment to strengthen the nation's military. >> we have a responsibility to protect the lives and liberties of our people, and that means a military second to none. i do not believe in cutting our military. i believe in maintaining the strength of america's military. >> so let's bring in...
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obama is now in a position to nail jello to the wall. you said that romney was lying on wednesday night. now, that's possible or it's possible he's now telling the truth and the others were lies. you can't have a tax cut of that size and not add to the deficit because there are not enough loopholes to close to get you to that point. >> dana, isn't that the problem? he comes out of this debate having three at trically won a score in terms of the night but now he's got the problem of having to defend an economic plan that is really problematic for him, particularly given his record and particularly given the republican base. going forward, doesn't he have the burden to defend what he did the other night? >> he does. i assume what is going on here is romney said, look, with the hard right thing, we are down in the key states. we're down overall. this isn't working. well, let's bring back that etch-a-sketch campaign. will americans believe suddenly this man that's been saying one thing for the last year or two is now believed something entir
obama is now in a position to nail jello to the wall. you said that romney was lying on wednesday night. now, that's possible or it's possible he's now telling the truth and the others were lies. you can't have a tax cut of that size and not add to the deficit because there are not enough loopholes to close to get you to that point. >> dana, isn't that the problem? he comes out of this debate having three at trically won a score in terms of the night but now he's got the problem of having...
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certainly some welcome news for team obama. a liberal economist cautioned that it is almost certainly a statistical fluke. john roberts is alive and st. petersburg, florida, where he will be reporting today. >> virginia has been hit hard by job losses in the coal industry. saying that the only reason why the unemployment dropped from 8.2% up to 7.8% is because so many people has dropped out of the work force. if it was a real number, it would probably be more like 11.5%. >> when i am president, the unemployment rate is going to come out, not because people are giving up and jumping out of the workforce, but because we are creating more jobs. i will create jobs and get america working again. reporter: governor romney continuing to have plans to raise taxes on wealthier americans. they would get hit with that tax increase and that cost as many as 700,000 jobs. again, the governor in abington. >> yesterday the vice president blurted out the truth. he said in fact that they do want to race taxes a trillion dollars. i want to create
certainly some welcome news for team obama. a liberal economist cautioned that it is almost certainly a statistical fluke. john roberts is alive and st. petersburg, florida, where he will be reporting today. >> virginia has been hit hard by job losses in the coal industry. saying that the only reason why the unemployment dropped from 8.2% up to 7.8% is because so many people has dropped out of the work force. if it was a real number, it would probably be more like 11.5%. >> when i...
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obama supporters call it the obama market. analysts say it's because the federal reserve has put so much liquidity in. some people like myself think it has to do with good earnings. nonetheless, real fast, jim, this is a strong market. it's up 30% year on year. >> well, beyond qe, there are reasons stocks are going up. people can't get returns on bonds, cds, t-bills. they start to nibble away at the stocks. investors are very slowly coming back around to the stock market. frankly, they think corporate k ceos more trustworthy and maybe stocks are safer investments these days than bonds showing a negative rate of return. >> the headline story in the front page today, despite gains, "many sto -- manyflee stocks." jim, did they miss the boat? how do you read those things? >> in 1929 when the stock market crashed, my father distrusted the stock market from that point on. the market is manipulated, whether you think it's the fed, each month brings a new story. that's a lot of dry powder to truly a rally in the future. >> some people
obama supporters call it the obama market. analysts say it's because the federal reserve has put so much liquidity in. some people like myself think it has to do with good earnings. nonetheless, real fast, jim, this is a strong market. it's up 30% year on year. >> well, beyond qe, there are reasons stocks are going up. people can't get returns on bonds, cds, t-bills. they start to nibble away at the stocks. investors are very slowly coming back around to the stock market. frankly, they...
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what should obama get with 7.8%? it seems like it's within the range there and everybody is pooh-poohing it and, oh, geez. i know why jack welch is scared, that number is too damn close to reagan's number. >> i think how this works with the president's narrative is that we're moving in the right direction, don't change -- you know, don't change horses, don't go back to a playbook that demonstrably didn't work, the george bush supply side stuff that he can legitimately tie to mitt romney. he had a narrative that said the economy is moving in the right direction, and i think this job report actually strengthens that narrative. and much more than levels of variables like the level of the employment rate, it's momentum that i think forms voters' views on the economy. >> i think it was interesting that jack let out that last night he tweeted, i didn't know this, he had tweeted 7.9% was his prediction. that is not exactly a wide deviation from what he thought it was going to be. i would just say this now, i have tremendous
what should obama get with 7.8%? it seems like it's within the range there and everybody is pooh-poohing it and, oh, geez. i know why jack welch is scared, that number is too damn close to reagan's number. >> i think how this works with the president's narrative is that we're moving in the right direction, don't change -- you know, don't change horses, don't go back to a playbook that demonstrably didn't work, the george bush supply side stuff that he can legitimately tie to mitt romney....
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did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to thin
did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue?...
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president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first of all, of course. any ceo who's in a tough position, it's a very you have to job. there's no question, as i've said before, that meg whitman was dealt a very tough hand because of a lack of investment in product development and research and development by previous
president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and...
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it was obama's fault, and romney was mr. fix-it. and in each of those tenets it seemed to me they have gone out the window. i think obama will start asking where is the beef. the numbers are very clear about the economic turnaround since he's been president. he has an economic jobs recovery act now which by everybody's reckoning would create somewhere between 1 million and 2 million jobs. on the other hand, you have romney who has no economic plan whatsoever other than to say i want to cut taxes below the 15% ofg dp that they are right now, and then the other night he says, well, i don't want to actually cut the actual tax rate, i want to cut rates and then i want to increase deductions and give us effectively the same amount of taxes coming into the economy which leaves him with an unutterly incoherent record. with romney you have nothing and i think the message you will start hearing next week is going back to that old mondale commercial, where is the beef, show us the beef, because there ain't none there. >> john, before we evisc
it was obama's fault, and romney was mr. fix-it. and in each of those tenets it seemed to me they have gone out the window. i think obama will start asking where is the beef. the numbers are very clear about the economic turnaround since he's been president. he has an economic jobs recovery act now which by everybody's reckoning would create somewhere between 1 million and 2 million jobs. on the other hand, you have romney who has no economic plan whatsoever other than to say i want to cut...
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the movie is produced by two obama fund raisers, s.e.a.l. team 6 the raid on osama bin laden airs sunday, november 4th. darryl hannah was arrested in texas last night while protesting the construction of the keystone pipeline. she's a long-time opponent of the oil pipeline project. she was arrested in a protest in front of the white house last year. the first lady was asked who should like to see play her hubby in a movie. she said someone pretty cute. her picks are will smith or denzel washington. that's her choice. the president has will's ears, which might give him an edge. go to facebook.com/newsnation and weigh in. who would your pick be? [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood an
the movie is produced by two obama fund raisers, s.e.a.l. team 6 the raid on osama bin laden airs sunday, november 4th. darryl hannah was arrested in texas last night while protesting the construction of the keystone pipeline. she's a long-time opponent of the oil pipeline project. she was arrested in a protest in front of the white house last year. the first lady was asked who should like to see play her hubby in a movie. she said someone pretty cute. her picks are will smith or denzel...
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president obama is about to be introduced by the crowd. we will get his first reaction to the surprising jobs figures and a drop in the unemployment rate at 7.8%. the president will take the stage in moments and we will take part of that live just to see how he puts or how he reacts to this jobs report going forward in the campaign. mitt romney has a campaign event in a few minutes. dagen: reaction in the stock market has been measured. we have surprising drop in the unemployment rate but job creation came in almost on the nose in terms of expectation with 114,000 jobs. and zynga doing the face plant. nicole: that is a lead story on wall street. we are seeing it selling off dramatically. don't forget zynga got a lot of revenue losing paying customers and had to cut their outlook again. they're down 18% and facebook at 2133. certainly nowhere near the $38 ipo price in may. social media companies and games under pressure. i want to look at the broader market average worth noting that the dow adjusting 61 points it is an up arrow again bringi
president obama is about to be introduced by the crowd. we will get his first reaction to the surprising jobs figures and a drop in the unemployment rate at 7.8%. the president will take the stage in moments and we will take part of that live just to see how he puts or how he reacts to this jobs report going forward in the campaign. mitt romney has a campaign event in a few minutes. dagen: reaction in the stock market has been measured. we have surprising drop in the unemployment rate but job...
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president obama was then-senator obama -- guest: your command of the numbers is terrific. the question about the media. honest --ed, let's be you have to have a strong voices inside the democratic party and a strong voices outside in the movements of our time an independent media to call the mainstream media, and we can discuss what mainstream media means, but there is a mainstream establishment media which has as its working premise the idea of the cult of balance, something our media columnist, eric alterman, has written and what about i-- has written a lot about. if someone went on to the floor of congress and said the earth is flat, the media would write about both sides as if both were true. i mentioned norm ornstein earlier. he is no liberal progressive. he is sort of right of center, he is at the american enterprise institute. thomas mann at brookings road book that had a large section about the failures of the media to call out untruths. we have a lot more fact checking in the media, which has its ups and downs. at the debate last night, the bank act it obama on th
president obama was then-senator obama -- guest: your command of the numbers is terrific. the question about the media. honest --ed, let's be you have to have a strong voices inside the democratic party and a strong voices outside in the movements of our time an independent media to call the mainstream media, and we can discuss what mainstream media means, but there is a mainstream establishment media which has as its working premise the idea of the cult of balance, something our media...
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that's not the right thing to do to pay for obama care. also got the point out that he is in favor 6 a tax plan that will kill 700,000 jobs. he got a chance to answer them, or not answer themes as the case may be, but he got a chance to talk about where we are going in the future. what he described is an it rags of the status quo. is he going to keep doing the things he has done in the past. is he going to have a stimulus, if he can. he'll hire more government workers if he can. he will pick winners and losers like fisker and tesla. he said he doesn't like picking winners and losers. no, he just likes picking losers. and, of course, is in favor of higher taxes. yesterday the vice president told the truth. he said, in fact, they do want to raise taxes $1 trillion. i don't want to raise taxes on any americans because i want to create good jobs in america. i would take america in a very different direction. i want to makes sure our policies encourage job growth, and i have five things i'll do. you heard me describe them time and again, but fi
that's not the right thing to do to pay for obama care. also got the point out that he is in favor 6 a tax plan that will kill 700,000 jobs. he got a chance to answer them, or not answer themes as the case may be, but he got a chance to talk about where we are going in the future. what he described is an it rags of the status quo. is he going to keep doing the things he has done in the past. is he going to have a stimulus, if he can. he'll hire more government workers if he can. he will pick...
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barack obama is a competitive guy. there's no way he can't come back and figure this out -- >> i don't want to use shopping metaphors, i don't think sports metaphors, you lose me in all that. >> because men are not supposed to like to shop, right, governor? nice tie. you like my jacket? >> if romney could pull one thing back which would be more than the 47%, he went the wrong direction in the auto industry. that's going to kill him in ohio. >> there's also things i think president obama would like to pull back. >> all of us. >> same with latinos, he'd like to pull back having offered he was going to do immigration reform in the first year a promise that he's broken. >> but, you know what, he's doing pretty good with -- he's pushing the dream act, a lot of things favorable to the hispanic community. guys, it's just math. right now in the polling obama's at 70% with hispanics. you and i both know republican party long-term cannot be a sustainable party if they're losing hispanic -- >> what would the numbers be if jeb bus
barack obama is a competitive guy. there's no way he can't come back and figure this out -- >> i don't want to use shopping metaphors, i don't think sports metaphors, you lose me in all that. >> because men are not supposed to like to shop, right, governor? nice tie. you like my jacket? >> if romney could pull one thing back which would be more than the 47%, he went the wrong direction in the auto industry. that's going to kill him in ohio. >> there's also things i think...
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roll this. >> obama arrived in denver at 2:00 p.m. today, just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet -- >> exactly. >> and you only have a few hours to adjust. >> that is interesting. >> i don't know, maybe --. bill: did you hear that voice in the background, that's interesting? now, it is true, and it is factual he left vegas around 2:00 in the afternoon. but just on the face, what do you think of that? >> well that may be its effect on vice president gore. i think the president is in peek physical condition. i think he could probably handle 5,000 feet. this is why the president had a problem in the macro explanation, is, people like al gore, suck up to the president. every president lives in a world without pierce, is trapped in this world where nobody can tell him the truth because he is the only president. but i think president more than any other i have seen is surrounded by suck ups, people who reinforce his sense he is above all of this. i think valerie jarrett sa
roll this. >> obama arrived in denver at 2:00 p.m. today, just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet -- >> exactly. >> and you only have a few hours to adjust. >> that is interesting. >> i don't know, maybe --. bill: did you hear that voice in the background, that's interesting? now, it is true, and it is factual he left vegas around 2:00 in the afternoon. but just on the face, what do you think of...
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and obama ran against someone else. obama has not faced a real opponent. what are they going to get -- i mean, we have a mormon who's roughest drink is a glass of chocolate milk. this will be tough for the obama team to crack. once he becomes president, mitt romney is exactly what the country needs. host: what you think the next weeks will be like? guest: it is absolute hysteria and screams of lies. i have been promoting the book. on mitt romney watching to cut taxes on the rich. those are estimates made by a liberal tax group. the liberal tax purpose taken that estimate back. the obama campaign was running ads on that, how he ruwants to cut the tax rates. he said the overnight, no i am not cutting taxes on the richest. to want to lower rates overall by 20% and eliminate loopholes, deductions, exemptions, that sort of thing. which i think all serious people who live in the tax code think need to be done here i. it is the richest of all to take advantage of tax deductions. you always feel like with reduction, if someone else is getting a better deal than yo
and obama ran against someone else. obama has not faced a real opponent. what are they going to get -- i mean, we have a mormon who's roughest drink is a glass of chocolate milk. this will be tough for the obama team to crack. once he becomes president, mitt romney is exactly what the country needs. host: what you think the next weeks will be like? guest: it is absolute hysteria and screams of lies. i have been promoting the book. on mitt romney watching to cut taxes on the rich. those are...
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if obama wins, we're going to go over the fiscal cliff because the republicans and obama aren't going to agree, we'll go out there and roll back the bush tax cuts, we're going to do this, have sequestered stuff or whatever and so that's going to hurt. >> how would he triangulate if he wins and they lose some of the house, say the democrats keep the senate, how would he triangulate to work with the other side? you don't think he'd let them go for another year or two? >> eventually he's going to have to, but he's going to get pushed into it and things are going to happen that are going to scare the heck out of us before we get there. >> what if romney, how does he screw it up? >> if romney wins it will look like, the stock market is going to say this is great, go up for a little while and people are going to say wait a second, this is austerity. it's going to look like the uk, look like europe. >> because we're 25% of gdp, he's not going to let us stay there, right? >> exactly. >> you'd see many more cuts if he's in, is that good long-term? >> much better long-term. you could argue that
if obama wins, we're going to go over the fiscal cliff because the republicans and obama aren't going to agree, we'll go out there and roll back the bush tax cuts, we're going to do this, have sequestered stuff or whatever and so that's going to hurt. >> how would he triangulate if he wins and they lose some of the house, say the democrats keep the senate, how would he triangulate to work with the other side? you don't think he'd let them go for another year or two? >> eventually...
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so this will be a positive for president obama in that these are the lowest numbers since president obama came into office. and also getting over kind of that mental hurdle of 8% unemployment. no president has won re-election with unemployment being at 8%. but as you mentioned, there is another jobs number and that's going to come out the friday right before election day. so we'll be keeping an eye on that. this is good for president obama. is it great? no. these numbers aren't booming. you look at july and august, they were revised upward. this is sort of a ray of hope the president can point to. when we do get reaction from the white house and the obama campaign, we'll expect for them to say, carol, what they say a lot of times, which is things are heading in the right direction. they're not heading there fast enough. we'll be hearing some of that today. >> they're not going to spike the proverbial football, not just yet. brianna keilar, thank you very much. >>> remember mitt romney's infamous 47% remark at a private meeting with fat cat donors? on the secretly recorded tape, romney pre
so this will be a positive for president obama in that these are the lowest numbers since president obama came into office. and also getting over kind of that mental hurdle of 8% unemployment. no president has won re-election with unemployment being at 8%. but as you mentioned, there is another jobs number and that's going to come out the friday right before election day. so we'll be keeping an eye on that. this is good for president obama. is it great? no. these numbers aren't booming. you...
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barack obama. it happened with hillary clinton time and time again where hillary clinton, chris dodd, joe biden, outdebated barack obama in every single debate back in 2008. every single debate. chris dodd, joe biden, hillary clinton just ran circles around him. and people say, well, why can't he -- at some point you just have to say, because he doesn't have his -- i mean, a great of a grasp on the issues as the people he's debating. >> that's sobering but it's true. i still believe it's the professor. >> how can you be president of the united states, mark halperin, and, i mean, and not have these basic answers? >> well, it's more than i think the format than not having the answers. he spent a lot of the evening going after mitt romney for things that he thinks he can win the election on like taxes and medicare. it wasn't like he never responded to it. >> but isn't the format in washington is that you get in a room with someone and you go at it and you try and figure it out? >> that's what we're as
barack obama. it happened with hillary clinton time and time again where hillary clinton, chris dodd, joe biden, outdebated barack obama in every single debate back in 2008. every single debate. chris dodd, joe biden, hillary clinton just ran circles around him. and people say, well, why can't he -- at some point you just have to say, because he doesn't have his -- i mean, a great of a grasp on the issues as the people he's debating. >> that's sobering but it's true. i still believe it's...
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didn't have to argue this would be an obama rally. >> i would think so. same people who were trying to push the victory leading to the prices yesterday how do they figure the unemployment numbers here. so what we're really seeing and i wrote about it in my comments this morning, is we're still going by europe is driving the bus. and yesterday was moving up. could you see some romney influences? the coal companies that he mentioned and some of the health care people and you can see some of the obama influences. but that's kind of the backdrop. the reason why the numbers look disproportional says a blot our mrk markets being illiquid. >> what does it mean about merkel going to greece. is that pivotal? >> i'm not sure unless there's a surprise. poor greece is out there festering. everybody is concentrating on spain. greece has not been solved. would be good to solve it. but that doesn't change anything about spain which is a much bigger factor and spain brings in the challenge of italy behind it. so that the game has moved up field a little bit here. so, you
didn't have to argue this would be an obama rally. >> i would think so. same people who were trying to push the victory leading to the prices yesterday how do they figure the unemployment numbers here. so what we're really seeing and i wrote about it in my comments this morning, is we're still going by europe is driving the bus. and yesterday was moving up. could you see some romney influences? the coal companies that he mentioned and some of the health care people and you can see some of...
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whether it's romney or obama let me do it my way. if i were obama what would i do? first of all let me show you. i'd come out with a 2 x 4. no no, say that line about the 5 trillion-dollar again. go ahead say it. >> romney: i'm not in favor of a 5 trillion-dollar tax cut. that's not my man. my plan is not to put in any tax cut that will effect the deficit. i will bring down the deductions and taxes at the same time so the revenue stays in. >> cenk: yeah, yeah, that sounds good. you're going to do a 20% tax cut across the board. then a 2 trillion-dollar increase in the defense budget. then you're going to keep most of the popular deductions. and then you're going to balance the% budget. and then you're going to give everybody a free unicorn! that's not how it works mitt! you're lying! there is no 5 trillion-dollar in deductions that you take away from just the rich. that's preposterous. and i'm not going to let you get away with it. one wonders how long i will keep this 2 x 4 that is actually not a 2 x 4 on my shoulder, but we move forward. he says, well, before i go
whether it's romney or obama let me do it my way. if i were obama what would i do? first of all let me show you. i'd come out with a 2 x 4. no no, say that line about the 5 trillion-dollar again. go ahead say it. >> romney: i'm not in favor of a 5 trillion-dollar tax cut. that's not my man. my plan is not to put in any tax cut that will effect the deficit. i will bring down the deductions and taxes at the same time so the revenue stays in. >> cenk: yeah, yeah, that sounds good....